Swiss Prime Site has announced it is launching a domestic convertible bond issue due 2015 of CHF 220 mln (EUR 135 mln). The total will rise to CHF 300 mln if both the increase and over-allotment options are exercised in full.

Credit Suisse is acting as Sole Global Coordinator, and together with UBS Investment Bank as Joint Bookrunner for the bonds.

Swiss Prime Site said it is issuing the bonds to take advantage of the attractive financing opportunity currently available in the convertible bond markets and to benefit from the benign interest rate en­vironment. The proceeds of the bonds will be used to refinance the existing convertible bond due 3 February 2010, to increase financial flexibility and for general corporate purposes.